Additional Details

• Important Details: --> Occupancy: Rented/Eviction --> 1552: Rented for $750/month, leased until 8/31/24 (good long-standing tenant) --> 1554: Eviction/squatter, already been evicted and just came back, could be vacant at close but must assume possible re-eviction --> Market rent is $900+ per unit
• Features: New Multifamily deal in Jacksonville! This duplex features 2 units, 2/1 downstairs and 2/1 upstairs. 1552 needs nothing as there is a good tenant in place. 1554 needs interior cosmetic updates to obtain market value rent. Don't miss out on this one!
• Potential ARV: $150,000 - $170,000
• Rehab Description: For a flip or rental, this needs minimal cosmetic updates to maximize value. Modernize the interior by updating flooring, kitchens, and bathrooms. Apply fresh interior paint throughout and update some trim/fixtures. Roof and HVAC in good working condition. Pressure wash and paint the exterior and do some landscaping to boost appeal.
• Estimated Rehab: $15,000 - $30,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $900
• Construction: CBS
• Comp 1: 1350 W 25th St, Jacksonville, FL 32209 4/2, 1320 sqft SOLD $120k in APRIL (1954 build, frame, distressed interior condition)
• Comp 2: 1590 W 28th St, Jacksonville, FL 32209 4/2, 1124 sqft SOLD $150k in MARCH (1953 build, clean rental condition)
• Comp 3: 1631 W 33rd St, Jacksonville, FL 32209 4/2, 1400 sqft SOLD $153K IN JANUARY (1958 build, clean rental condition)
• Comp 4: 1451 W 21st St, Jacksonville, FL 32209 SOLD $128k in FEBRUARY (1960 build, clean rental condition)
• Comp 5: 1426 W 22ND ST, JACKSONVILLE, FL 32209 2/2 1050 sqft SOLD $90k in AUGUST (1948 build, distressed condition, smaller)